Pursuits

Jay Z Buys ‘Ace of Spades’ Champagne Stake From Sovereign Brands

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Rapper Shawn “Jay Z” Carter has boughtBloomberg Terminal an interest in the Armand de Brignac Champagne line owned by Sovereign Brands, a closely held wine and liquor company based in New York.

The brand, which Jay Z has previously promoted in his music and public appearances, is known for its metallic bottles, which are made by hand at the Cattier family’s 251-year-old chateau in Chigny-les-Roses, France. They feature a pewter insignia of an ace of spades rather than a paper label. Prices start at about $250 a bottle.